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IPFS News Link • Economy - Economics USA

GM net loss $4.8 billion, much worse than expected

1-27-2006 • Reuters

General Motors Corp. posted a fourth-quarter net loss of $4.8 billion on Thursday, a sea of red ink deeper than the most pessimistic Wall Street estimate, as costs for layoffs and plant closures soared.

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Reported By Powell Gammill

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GM net loss $4.8 billion, much worse than expected

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